We’re in a constant battle to find our own sense of identity within the overarching internal values of the scene we want to belong to, and on that journey we’re incentivized to continuously prove our allegiance (“fanship”) and how we’re ‘in the know’.
In other words, we do need to teach rationality and critical thinking skills — not just to ourselves, but to everyone at once. The trick is to see this as a multilateral rather than a unilateral solution. If we raise epistemic standards within an entire population, then we'll all be cajoled into thinking more clearly.
The effort required to go from zero-to-one in data businesses is one reason they are so formidably defensible. It's also why ‘brute force’ remains one of the most popular strategies used by players in this game. A data product that can be built easily is a data product that can be replicated easily.
Axie’s economy has an inflation problem (much like our real-world economy!), as more players are cashing out than are putting money into the game. With such nuanced economies, it’s easy for things to quickly fall out of whack.
So to find a supply-side that fits the mold we’re looking for, seek out markets that have fragmented supply, but are also polygamous. Babysitting, for example, would not be a good sector because people in that market generally have monogamous relationships — families often have one babysitter, and their switching cost is incredibly high.